Firstsun Capital Bancorp (NASDAQ:FSUN) Earns Overweight Rating from Analysts at Stephens

Equities research analysts at Stephens assumed coverage on shares of Firstsun Capital Bancorp (NASDAQ:FSUN - Get Free Report) in a report released on Tuesday, Marketbeat Ratings reports. The firm set an "overweight" rating and a $44.00 price target on the stock. Stephens' target price points to a potential upside of 20.91% from the stock's previous close.

Several other equities analysts have also recently weighed in on FSUN. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $47.00 price objective (up previously from $46.00) on shares of Firstsun Capital Bancorp in a research note on Monday, February 3rd. Piper Sandler started coverage on Firstsun Capital Bancorp in a report on Friday, February 21st. They set an "overweight" rating and a $51.00 price target for the company.

Firstsun Capital Bancorp Trading Up 0.5 %

NASDAQ:FSUN traded up $0.17 during trading hours on Tuesday, hitting $36.39. The company had a trading volume of 60,843 shares, compared to its average volume of 56,314. Firstsun Capital Bancorp has a 52 week low of $31.70 and a 52 week high of $45.32. The company has a market capitalization of $1.01 billion and a PE ratio of 11.81. The stock has a 50-day moving average price of $36.04 and a 200 day moving average price of $38.30. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.03 and a quick ratio of 1.02.

Firstsun Capital Bancorp (NASDAQ:FSUN - Get Free Report) last released its earnings results on Monday, April 28th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.04. The firm had revenue of $97.40 million during the quarter, compared to analyst estimates of $99.11 million. Firstsun Capital Bancorp had a net margin of 13.77% and a return on equity of 8.56%. On average, equities research analysts predict that Firstsun Capital Bancorp will post 3.6 EPS for the current fiscal year.

Insider Buying and Selling

In other Firstsun Capital Bancorp news, insider Mollie H. Carter bought 1,025,450 shares of the firm's stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average cost of $37.06 per share, for a total transaction of $38,003,177.00. Following the transaction, the insider now owns 666,500 shares of the company's stock, valued at $24,700,490. This represents a -285.68 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John Fleshood purchased 2,000 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The stock was bought at an average price of $35.38 per share, with a total value of $70,760.00. Following the transaction, the director now owns 2,050 shares of the company's stock, valued at $72,529. This represents a 4,000.00 % increase in their position. The disclosure for this purchase can be found here. 12.52% of the stock is currently owned by company insiders.

Institutional Trading of Firstsun Capital Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased its position in Firstsun Capital Bancorp by 165.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 650 shares of the company's stock valued at $26,000 after acquiring an additional 405 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Firstsun Capital Bancorp in the 4th quarter worth about $49,000. KLP Kapitalforvaltning AS bought a new stake in Firstsun Capital Bancorp in the first quarter worth about $69,000. Bank of America Corp DE boosted its position in shares of Firstsun Capital Bancorp by 4,306.6% during the fourth quarter. Bank of America Corp DE now owns 4,010 shares of the company's stock valued at $161,000 after buying an additional 3,919 shares during the period. Finally, EntryPoint Capital LLC bought a new position in shares of Firstsun Capital Bancorp during the fourth quarter valued at approximately $220,000.

About Firstsun Capital Bancorp

FirstSun Capital Bancorp engages in the provision of commercial banking services. It operates through the following segments: Banking, Mortgage Operations, and Corporate. The Banking segment consists of loans and provides deposits and fee-based services to consumer, business, and mortgage lending customers.